Consumer ABS

Standard & Poor's noted that the effect of Santander's acquisition of DriveTime's ABS portfolio is unclear at this point because both companies are active auto issuers.

By the end of this year, RMBS issuers keen on obtaining funding from the European Central Bank, as well as those already using these securities as collateral in sale and repurchase agreements, will need to input data on the underlying mortgages into the newly created European DataWarehouse, known pithily as ED.

United Auto Credit and Westlake Financial Services are both planning to sell their respective ABS deals.

JPMorgan Chase Bank-sponsored Scholar Funding Trust 2012-B will be issuing class A notes worth $235 million rated by both Moody's and Fitch.

Barclays Capital analysts expect that publicly placed issuance for 2012 in the European asset-backed market will exceed their original forecast.

DBRS said today that rising subprime loan origination volumes and general economic improvement are still creating a positive momentum for the auto sector.

Bank of America Merrill Lynch analysts' view on most senior FFELP and private student loan ABS remains positive, they said in a Sept. 14 report.

Wells Fargo analysts expect consumer ABS issuance to reach $170 billion in 2012, which is a 60% rise over last year. They also noted a modest shift to longer average lives in new deals.

This week there are two auto deals from Toyota and Enterprise as well as two equipment offerings from CNH and GE Capital.

Citibank securitization analysts said in a report today that the global slowdown, Europe's debt crisis and the deteriorating U.S. economy have bolstered the ABS market's resolve to remain short and high quality.